By: Thabet Shehata
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closes in green for the fifth session in a row on Monday.
The main index added 0.88% or 60 points to stand at 6,903.85 points.
The continuation of the positive momentum on Tadawul gives indicators on the porobability of breaking through the current resistance level, technical analyst, Faisal Al Sawady, told Mubasher.
He added that the extended positive performance of the market in the last sessions is attributed to the attractive prices of the stocks.
Traded values significantly rose to SAR 5.2 billion ($1.39 billion) compared to SAR 4.2 billion ($1.12 billion) on Sunday.
Traded volumes also increased to 354.5 million shares compared to 245.6 million shares yesterday.
The energy Real Estate Investment Traded Fund (REIT) sectors led the red zone shedding 0.43% and 0.07%, respectively.
The multi investment sector rose 3.57% backed by the kingdom which increased 5.56% to SAR 11.40.
The telecommunications sector went up 1.39%, supported by Saudi Telecom Company (STC) and Mobily which gained 2.08% and 0.47%, respectively, while Zain KSA was down 0.62% and Ethad Atheeb "Go" remained unchanged.
The petrochemical sector went up 0.29%, after SABIC and SAFCO added 0.42% to SAR 90.75 and 0.61% to SAR 72.50, respectively.
The banks sector added 0.06%, affected by the National Commercial Bank (NCB) which advanced 1.37% to SAR 42.80, while Al Rajhi Bank remained stable at SAR 63.50.
Tourism Enterprises Company (Shams) led the rising stocks and hiked 9.66% to SAR 31.90, while Chubb Arabia Cooperative Insurance Co topped the 25 falling shares and lost 2.28% to SAR 36.40.
Dar Al Arkan was the most active in both traded volume and values exchanging 122.7 million shares at a value of SAR 714.3 million, the stock rose 3.66% to SAR 5.95.
Translated by: Sara Ghali
